Convenient Food Delivery Services Expand Around the World
China Xiangtai Food Co., Ltd. - Ordinary Shares (PLIN)
Company Research
Source: PR Newswire
NEW YORK, Feb. 27, 2020 /PRNewswire/ -- The food delivery industry is growing at a rapid pace all over the world due to the convenience, variety and relatively low cost of service. Over the past 5-7 years, several major companies have grown exponentially, continuing to expand the previously limited food delivery service to thousands of restaurants and millions of customers. In particular, cities and urban centers have become the epicenter of this evolution. One of the major factors driving the market growth is the rising penetration of smartphones and internet connection, which makes the food delivered service very easily accessible. And yet despite the rampant growth in recent years, the industry remains young and certain significant issues remain to be solved; the competition for low pricing which hurts the bottom line, the struggle for timely delivery and the lack of service in more rural areas are all major issues. In response, companies are emphasizing on enhancing logistic capab
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